EGMF Threatens to Cut $250 Mln Project in DRC Row

Reuters Africa reported that EGMF is threatening to cancel a large cobalt project in the DRC.

The market news is quoted as saying:

EGMF, or Entreprise Generale Malta Forrest, is seeking international arbitration in a Paris court over claims Congo’s state mining firm Gecamines is trying to force it to sell a 60 percent stake in the CMSK copper and cobalt project in the southern province of Katanga for $15 million, it said.

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